Price per barrel of WCS oil in US dollars.
WTI Oil ($US/bbl)
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PUBLISHED - Mar 22, 2018
The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$63.70 a barrel in January 2018, 21.3% higher than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers for oil, averaged US$42.53 a barrel in January 2018, 14.4% higher than it was a year earlier. The differential of WTI over WCS was US$21.17 in January 2018.